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surya k
XP • 11m
In most cases, transitioning from poverty to wealth involves two significant phases. The first is the shift from being poor to achieving middle-class status, often requiring a lifetime of hard work by the first generation. The second phase is the transition from middle-class to wealth, which typically depends on the efforts of the next generation, though not necessarily as intense as their predecessors. If the first generation (e.g., the father) fails in their efforts, the cycle often loops back to poverty. Similarly, if the next generation (e.g., the children) fails to capitalize on the foundation laid by the previous generation—be it through education, opportunities, or prudent choices—the family may revert to poverty. continue below...........
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